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Enforcement Action
 > Enforcement Action > Receiving, taking or accepting deposits without valid license
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Receiving, taking or accepting deposits without valid license

Charged under: Banking and Financial Institutions Act 1989: Section 25(1)

No. Name of Case Accused (Individual or Company Charged) Date of Conviction Punishment
Fine In Default (Fine) Imprisonment

1.

Jai Network Systems Sdn Bhd (603707-P)

Jai Network Systems Sdn Bhd (603707-P)

6/13/2014

RM3 million

-

-
Jailani bin Jabar
(600323-01-5223)
- 6 Years
Latifah binti Taib
(610527-01-6200)
- 4 Years
2.

Platinum Lane Sdn Bhd (PLSB, Kulim, Kedah)

(Note: The Court also decided that the money seized from PLSB & related companies to be forfeited to the government. However, the Court allowed any person who wants to claim the seized money, to submit their claim to Sungai Petani Sessions Court within 45 days from conviction date)

Platinum Lane Sdn Bhd (435565-A)

29/08/2010

RM1 million

  -
Arba'ei bin Othman (721018-07-5247) - 6 months
Afta Nizam bin Ibrahim (760317-03-5167) - 6 months
Jeffry bin Abd Wahab (650205-08-6595) - 6 months
Kamaruddin bin Mohamad (530514-05-5489) - 6 months

3.

Sunshine Empire Sdn Bhd
(2 counts)

Sunshine Empire Sdn Bhd (740951-V)

03/06/2010

RM2 million
(fined RM1m for each count)

-

-

4.

Cantuman Budi Sdn Bhd

Adra'ai bin Md Amin (480518-01-5027)

23/03/2010

-

-

18 months

5.

Daily Management Trading

Abu Bakar bin Abdullah (510912-02-5471)

02/02/2010

RM2 million

1 year

2 years

6.

Ehwal Sepakat Sdn Bhd (3 counts)

Ghazali bin Tauhid (600206-01-5005)

13/11/2009

RM900,000

3 years

-

7.

SDF Cahaya Sdn Bhd

Afandi bin Miskam (751008-01-6507)

20/08/2009

-

-

3 years

8.

Azman Juwahir

Raji bin Muhamad (560523-01-6091)

18/10/2006

-

-

8 years

9.

Maliza Dinamik Trading

Maliza bt Chik (730426-11- 5468)

10/09/2006

RM200,000

4 months

4 years

Zulfakar Abdul Ghaffar (680521-11- 5463)

RM100,000

3 months

3 years

10.

Astromax Sdn Bhd

Mohd Nor Koeng (571229-07-5035)

19/04/2005

RM250,000

10 months

1 year

11.

Umi Essniyanti Berhad
Note :

  1. 2 separate charges
  2. Jail term to run concurrently

Umi Essniyanti binti Yaacob (761029-12-5904)

18/03/2005

RM200,000

3 months

2 ½ years

RM100,000

3 months

2 ½ years

Adin bin Ismail (650225-12-5651)

18/03/2005

RM200,000

3 months

2 ½ years

RM100,000

3 months

2 ½ years

12.

Asasi Trade & Marketing Sdn Bhd

Ahmad bin Hassan (470617-07-5253)

22/11/2004

RM500,000

1 year

1 year

13.

ACS Futures Sdn Bhd

Khairul Anuar bin Md Khalid (761220-01-7549)

29/10/2009 (High Court)

RM1 million 1 year 3 years
19/11/2007 (Session Court) Acquitted & case appealed at High Court

Fakhrolzaman Al Bahsar (670107-03-6015)

19/11/2007

RM1 million 1 year 3 years
Rosenan bin Ibrahim (580323-03-5165)   19/11/2007 RM500,000 6 months 1 year

Kamaruzzaman b. Kassim (640819-71-5625)

04/03/2004

-

-

3 years

14.

Faza Amal Marketing & Trading Sdn Bhd

Rusli bin Ibrahim (670730-11-5161)

19/03/2002

RM1 million

1 year

1 year

Kamaludin bin Hj. Taha (541014-01-6225)

18/09/2002

RM1 million

1 year

1 year

15.

NIR Trading Sdn Bhd

Sabariah bt Md Yusoff @Yusof (500803-03-5436)

18/09/2001

RM5 million

2 years

1 year

Mohamad Yusoff bin Sulong (490614-03-5051)

RM5 million

2 years

1 year

Irwan bin Mohamad Yusof (741114-03-5235)

RM5 million

15 months

1 year

16.

Kew Jiun Credit (M) Sdn Bhd

Loi Yaw Jiun (4816607)

07/05/1997

RM200,000

1 year

-

17.

Skim 350

Faziah bt Ismail (4717747)

11/04/1997 (appeal)

-

-

5 years

22/09/1994

RM80,000

8 months

18 months

18.

Warisan Abadi Enterprise

Mat Hassan bin Ahmad

10/06/1996

 

 

-

19.

Stockhouse Trading Sdn Bhd

Margaret Chang Pooi Yew (581204-01-6156)

08/12/1995

-

-

2 years

20.

Skim Jaafar

Jaafar bin Ahmad (2319412)

16/12/1992

RM500,000

2 years

1 year

21.

Pestama Sdn Bhd

Osman bin Hamzah (0339914)

02/03/1992

RM500,000

1 year

1 year

22.

Sri Emas Enterprise

Noorrokiah binti Ishak (4269523)

25/09/1991

RM500,000

10 months

10 months

Charged under: AMLATFA - Receiving, Taking or Accepting Deposits without Valid Licence

No. Name of Case Accused (Individual or Company Charged) Date of Conviction Punishment
Fine In Default (Fine) Imprisonment

1.

Jai Network Systems Sdn Bhd (603707-P)

 

Jailani bin Jabar
(600323-01-5223)

6/13/2014

Total
RM29 million

Maximum
24 months

 

4 Years
Latifah binti Taib
(610527-01-6200)
Total
RM21 million
Maximum
20 months
2 Years

 

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